5 Minute Price Action Scalper System

At the time of making this post, the OP of the thread has removed all content in the first post, which from what I remember contained the read-me PDF of how the system works. I’ll try to reiterate the important parts of how to use the system and also upload all the indicators/templates needed.

Initial Set up:
– 6EMA
– 12EMA
– 48EMA
– Fractals
– Smoothed Heiken Ashi

Files: http://www.mediafire.com/?eccexz9ax83nb
I’m not sure if all 3 indicators are needed, but they were grouped together with the same modified date so I figured they might be together. I included both the original template file and my modified file. I removed a few things in the original and modified with my background, use whichever you prefer.

How to use:
From what I remember, the reason why these EMAs are used is because: 6 x 5 = 30 min, 12 x 5 = 60 min, 48 x 5 = 240 min. So these EMAs effectively predict the next 30 min, 1 hour and 4 hour timeframes. I don’t recall how the original system was intended to be traded with all the indicators. The gists of it was that the 48EMA is used as the boundary line (I guess it’s called that, don’t remember exact term). Then, whenever the 6EMA and 12EMA are heading towards the 48EMA and look to be crossing, the 6EMA will always cross first, you’re waiting for the 12EMA to also cross the 48EMA. Once the 12EMA has crossed, that should confirm the change in trend and you should be looking for an entry.

A confirmation entry is to use the fractals (I seldom see this, so I’ve never actually waited for this confirmation) but according to the author, you’re looking for a candle close above the first fractal before entering the trade. Because after crossing the 48EMA, the price is bound to come back for a tiny retrace and hence forming a fractal, after it recovers and surpasses this fractal, you enter the trade.

My modifications/comments: I’ll add more info later on, just wanted to get this page up. Use the system at your own discretion, I usually have this on my charts since I like how the smoothed heiken ashi’s work and how they show the current trend and trend reversals.